MANILA – State-owned National Transmission Corporation (TransCo) on Thursday cited the significant delays in transmission projects by the National Grid Corporation of the Philippines (NGCP) as key factors driving up electricity costs and causing inefficiencies that affect millions of Filipino consumers.

The National Transmission Corporation (Transco) has acknowledged before congressmen its backlogs in right-of-way (ROW) cases, including projects that go beyond their existence, as well as those that are related to the operation of the power grid.

THE Energy Regulatory Commission (ERC) has allowed a subsidiary of Energy Development Corp. (EDC) to build a connection facility to link its up to 22-megawatt (MW) Tanawon Geothermal Power Plant in Sorsogon to the Luzon grid.

State-run National Electrification Administration (NEA) said it facilitated P1.8 billion worth of loans, benefiting 36 electric cooperatives (ECs) in 2024.

ENERGY companies are poised for growth this year because of increasing power demand, but the environment may not be conducive enough for initial public offerings (IPOs) due to uncertainty amid developments in the United States, according to analysts.

Bac-Man Geothermal Inc. (BGI) received the green light of the Energy Regulatory Commission (ERC) to develop and operate the dedicated point-to-point limited facilities to connect the 20-megawatt (MW) Tanawon geothermal power project (TGPP) in Sorsogon City to the Luzon grid.

MANILA, Philippines — Maharlika Investment Corp. (MIC) may invest as much as P8.5 billion to secure at least a 10-percent stake in the entity that controls the National Grid Corp. of the Philippines (NGCP), according to an analyst.

A disagreement over how much the government should pay to electrify remote areas in the country has caused the Energy Regulatory Commission (ERC) to delay funding requests from the National Power Corporation (NPC).

MANILA, Philippines — Persistent financing challenges remain a major hurdle in the country’s pursuit of more ambitious energy transition goals, especially in renewable energy, according to the Department of Energy.

MANILA – Senate Deputy Minority Leader Risa Hontiveros said Wednesday the Manila Electric Co. (Meralco) must be made to refund an estimated PHP100 billion in alleged overcollections from consumers over the years before its legislative franchise is renewed by Congress.